Granite Construction Incorporated Plans Quarterly Dividend of $0.13 (NYSE:GVA)

Dee Yonker

Granite Building Included (NYSE:GVAGet Rating) declared a quarterly dividend on Thursday, June 9th, Zacks reviews. Stockholders of file on Thursday, June 30th will be compensated a dividend of .13 per share by the construction enterprise on Friday, July 15th. This signifies a $.52 annualized dividend and a dividend generate of 1.66%. The ex-dividend day of this dividend is Wednesday, June 29th.

Granite Design has a dividend payout ratio of 20.5% meaning its dividend is adequately included by earnings. Equities investigate analysts hope Granite Building to generate $2.99 per share up coming 12 months, which indicates the enterprise should continue to be able to go over its $.52 once-a-year dividend with an anticipated upcoming payout ratio of 17.4%.

Shares of GVA opened at $31.35 on Friday. Granite Development has a 52-week minimal of $27.84 and a 52-7 days superior of $44.31. The business’s fifty working day transferring common is $31.62 and its 200-day shifting regular is $34.36. The business has a credit card debt-to-equity ratio of .30, a brief ratio of 1.62 and a latest ratio of 1.70. The agency has a market cap of $1.42 billion, a selling price-to-earnings ratio of 24.12 and a beta of 1.40.

Granite Development (NYSE:GVAGet Rating) very last issued its quarterly earnings knowledge on Thursday, April 28th. The development organization reported ($.28) earnings for each share for the quarter, topping analysts’ consensus estimates of ($.31) by $.03. Granite Construction had a return on fairness of 7.51% and a web margin of 1.95%. The business experienced profits of $547.59 million for the quarter. Through the exact quarter in the prior 12 months, the agency gained ($.11) EPS. As a group, investigate analysts forecast that Granite Development will article 2.11 EPS for the recent fiscal calendar year.

Separately, initiated coverage on Granite Construction in a investigate take note on Thursday, March 31st. They issued a “hold” ranking for the organization.

In other Granite Design information, CEO Kyle T. Larkin sold 8,000 shares of the stock in a transaction on Friday, Might 6th. The inventory was offered at an normal value of $31.06, for a complete transaction of $248,480.00. Subsequent the sale, the main government officer now owns 69,294 shares in the corporation, valued at $2,152,271.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. .99% of the stock is at present owned by corporate insiders.

Several hedge cash have lately modified their holdings of the inventory. Guggenheim Cash LLC procured a new stake in shares of Granite Building in the very first quarter value $213,000. Goldman Sachs Group Inc. lifted its situation in shares of Granite Development by 2.4% in the 1st quarter. Goldman Sachs Team Inc. now owns 97,323 shares of the construction company’s stock worth $3,192,000 just after acquiring an further 2,315 shares in the very last quarter. PDT Companions LLC obtained a new stake in shares of Granite Design in the initially quarter worthy of $490,000. Captrust Economic Advisors raised its position in Granite Design by 38.% through the 1st quarter. Captrust Fiscal Advisors now owns 5,808 shares of the design company’s stock valued at $191,000 following acquiring an supplemental 1,598 shares in the past quarter. Lastly, Condition Street Corp raised its situation in Granite Development by 8.6% in the course of the first quarter. Point out Road Corp now owns 1,741,813 shares of the development company’s stock valued at $57,345,000 immediately after acquiring an further 137,352 shares in the past quarter. Institutional investors possess 96.64% of the company’s inventory.

About Granite Design (Get Score)

Granite Construction Included operates as an infrastructure contractor and a construction components producer in the United States. It operates as a result of two segments, Design and Resources segments. The Development phase engages in the building and rehabilitation of roadways, pavement preservation, bridges, rail strains, airports, maritime ports, dams, reservoirs, aqueducts, infrastructure, and site growth for use by the general public.

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Dividend History for Granite Construction (NYSE:GVA)

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